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Tuesday, June 26, 2018

Facebook reverses their ban on cryptocurrency ads...

Back in January of this year, Facebook announced their ban of all advertisements related to cryptocurrency. The ban was strict, and covered all aspects of the cryptocurrency world. If it was in any way related to cryptocurrency - it wasn't allowed.

Today however, they announced they're letting the cryptocurrency and blockchain industry back on to their advertising platform, but with some new guidelines, saying:

"...starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.Advertisers wanting to run ads for cryptocurrency products and services must submit an application to help us assess their eligibility — including any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business."